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Jewellery stock hits 5% upper circuit after it reports 45.06% YoY increase in net profits

Leading jewelry company has shown strong performance in December 2024, with significant increases in net sales, profit, EBITDA, and earnings per share, indicating robust demand and operational efficiency.
Jewelry Stock Hits 5% Upper Circuit After Reporting 45.06% YoY Net Profit Surge!
Jewelry Stock Hits 5% Upper Circuit After Reporting 45.06% YoY Net Profit Surge!

Introduction:

Prominent player in the jewelry sector has reported robust financial growth for the quarter ending December 2024. The company posted significant increases in net sales, net profit, EBITDA, and earnings per share, reflecting strong demand and operational efficiency.

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Share price movement of Radhika Jeweltech:

On January 17, 2025, Radhika Jeweltech Ltd opened at ₹104.45, up 4.97% from its previous close of ₹99.50. The stock reached a high and low of ₹104.45. As of 11:19 AM, it traded at ₹104.45, with a market cap of ₹1,232.51 crore.

Radhika Jeweltech Reports Strong Q3 Growth:

Radhika Jeweltech has reported a strong performance for the quarter ended December 2024, with net sales rising 17.22% to ₹206.06 crore compared to ₹175.79 crore in December 2023. The growth reflects robust demand for its products.

The company’s quarterly net profit surged 45.06%, reaching ₹22.73 crore, up from ₹15.67 crore in the same period last year. This impressive growth underscores the company’s strong financial health and operational efficiency in a competitive market environment.

EBITDA for Radhika Jeweltech also witnessed significant growth, increasing by 41.69% to ₹31.71 crore. The company’s earnings per share (EPS) rose to ₹1.93 from ₹1.33 in December 2023, reflecting improved profitability.

Stock performance of Radhika Jeweltech for Period of 1 week, 6 months and 1 year:

Radhika Jeweltech Ltd. has delivered strong returns, with a 1.25% increase over the past week, a remarkable 72.0% growth over the last 6 months, and an impressive 103% rise over the past year.

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Shareholding pattern of Radhika Jeweltech:

All values in %Sep 2024Jun 2024Mar 2024
Promoter64%64%63.70%
FII0%0%0%
DII0%0.00%0.00%
Public36.30%36.20%36.20%
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About Radhika Jeweltech:

Radhika Jeweltech Ltd. (NSE: RADHIKAJWE) was founded in 1987 as a proprietorship firm and later transformed into a public limited company in 2016. It is a trusted jewelry retailer offering gold and diamond-studded jewelry, certified by BIS Hallmark.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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